J.C. Penney Company, Inc. (NYSE:JCP)Â has had its debt cut by ratings agency Moody's Corporation (NYSE:MCO) according to a statement from the ratings firm. The retailer's debt is now rated Caa1, which qualifies as Junk under Moody's ratings regime. The move was not an unexpected one as the problems at J.C. Penney have come to a head lately.
Two months into Q2 2013, Global M&A remains sluggish. When comparing April and May 2013 with the same period in 2012, deal volume has dropped by 28 percent to... Read More
Legg Mason Inc. (NYSE:LM) released its earnings numbers for the three months ended September 30 this morning before the market opened on Wall Street this morning. The company showed... Read More
ValueWalk's Raul Panganiban interviews Dan Ahrens, Portfolio Manager and COO at Advisor Shares, and discuss the opportunities he is seeing in the Cannabis industry. Q1 2021 hedge fund letters, conferences... Read More
Tokyo-based Mt. Gox has filed for bankruptcy in the US, just a few weeks after filing for bankruptcy in Japan, in an effort to get Chapter 15 protection from... Read More
Waterstone Market Neutral Fund got thrashed in July. The equity fund focused on short positions was down -5.29% in the month, the largest decline since September 2008. The fund's... Read More
While everyone is focused on the U.S. markets' incredible rally, peripheral European markets are under-priced and on the verge of a major rebound, writes Societe Generale analyst Paul Jackson.... Read More
When Sweden’s NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) was approved to act as central counterparty (CCP) under the European Market Infrastructure Regulation (EMIR) for several single-name, basket, and equity index... Read More
Bill Ackman’s Pershing Square International is up 23% through June 13 compared to 9.3% gains for all of last year, report Katherine Burton and Kelly Bit in today’s Bloomberg... Read More
For the first time 18 years, Ray Dalio's Bridgewater Associates, closed to new investment for several years due to capacity constraints, is unveiling a new investment product. Bridgewater Associates combines... Read More
The performance of bonds, namely investment-grade and sovereign issues this year has been a key talking point for asset managers and investors around the world. If you didn’t enter... Read More
